Accounting 0452 · IGCSE · Sole traders

Sole traders — practice question

Which transaction will raise both assets and capital by the same amount?

  • AA credit customer settled his account after deducting a cash discount.
  • BGoods were sold for cash at a price higher than their cost price.
  • CRent received included an amount prepaid for the next accounting period.
  • DThe owner repaid a business loan from his personal bank account.

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